Yext Inc (NYSE:YEXT) CEO Sells $627,900.00 in Stock

Yext Inc (NYSE:YEXT) CEO Howard Lerman sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $20.93, for a total value of $627,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Howard Lerman also recently made the following trade(s):

  • On Thursday, July 11th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $20.65, for a total value of $619,500.00.
  • On Tuesday, July 2nd, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $20.38, for a total value of $611,400.00.
  • On Friday, June 28th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $19.99, for a total value of $599,700.00.
  • On Friday, June 21st, Howard Lerman sold 17,921 shares of Yext stock. The shares were sold at an average price of $20.05, for a total value of $359,316.05.
  • On Monday, June 17th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $20.62, for a total value of $618,600.00.
  • On Tuesday, June 11th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $19.66, for a total value of $589,800.00.
  • On Monday, June 3rd, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $18.25, for a total value of $547,500.00.
  • On Thursday, May 30th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $19.27, for a total value of $578,100.00.
  • On Tuesday, May 28th, Howard Lerman sold 60,000 shares of Yext stock. The shares were sold at an average price of $20.36, for a total value of $1,221,600.00.
  • On Thursday, May 16th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $21.50, for a total value of $645,000.00.

NYSE YEXT opened at $20.59 on Monday. The company has a market cap of $2.29 billion, a P/E ratio of -27.09 and a beta of 1.14. The firm’s 50 day moving average price is $19.89. Yext Inc has a one year low of $12.90 and a one year high of $27.19. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.15.

Yext (NYSE:YEXT) last issued its quarterly earnings results on Thursday, May 30th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.02. The company had revenue of $68.71 million during the quarter, compared to the consensus estimate of $66.74 million. Yext had a negative return on equity of 68.88% and a negative net margin of 32.59%. Yext’s revenue was up 34.8% on a year-over-year basis. During the same period last year, the company earned ($0.10) earnings per share. On average, equities analysts expect that Yext Inc will post -0.84 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Focused Wealth Management Inc purchased a new stake in shares of Yext in the second quarter valued at approximately $59,000. Commonwealth Equity Services LLC increased its position in shares of Yext by 15.0% during the second quarter. Commonwealth Equity Services LLC now owns 40,320 shares of the company’s stock worth $810,000 after purchasing an additional 5,245 shares in the last quarter. Diversified Trust Co increased its position in shares of Yext by 35.8% during the second quarter. Diversified Trust Co now owns 19,325 shares of the company’s stock worth $388,000 after purchasing an additional 5,095 shares in the last quarter. Xact Kapitalforvaltning AB purchased a new stake in shares of Yext during the second quarter worth approximately $217,000. Finally, Zweig DiMenna Associates LLC purchased a new stake in shares of Yext during the second quarter worth approximately $3,280,000. Institutional investors own 57.67% of the company’s stock.

A number of research analysts have recently commented on YEXT shares. SunTrust Banks increased their target price on Anaplan to $52.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Zacks Investment Research reiterated a “sell” rating on shares of ZALANDO SE/ADR in a research report on Sunday, June 30th. Finally, ValuEngine downgraded Yext from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $23.71.

Yext Company Profile

Yext, Inc provides a knowledge engine platform that lets businesses manage their digital knowledge in the cloud and synchronize it to its knowledge network in North America and internationally. The company offers Yext Knowledge Engine, a cloud-based global platform that enables businesses to control and manage their digital knowledge and make it available through its knowledge Network of approximately 150 third-party maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks.

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